Frequency Electronics, Inc. (FEIM) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Some of the programs we're bidding on are larger than the typical contract wins we've previously reported. Furthermore, these programs have significant follow-on potential over the next decade and beyond. Both space and non-space defense activity point to continued healthy growth in our core markets for our legacy products and our next generation technology. Notable programs we're involved in include Golden Dome, Patriot Missile System, B-2 Bomber, and Terminal High Altitude Area Defense System, or THAAD, as well as other multi-domain defense systems. To support these markets, as well as our new initiatives in quantum sensing, the company recently opened an engineering facility in Boulder, Colorado, and hired senior scientists formerly with the National Institute of Standards Technology Time and Frequency Division. These physicists and others who are expected to join FEI at the Boulder facility in the near future will support ongoing company programs and new technology efforts. We anticipate that the Boulder facility will contribute positively to the bottom line by the third quarter of this fiscal year. In addition, as noted previously, we're pursuing external government funding for research and development with significant activity underway, particularly in the area of quantum sensing, which is a large emerging market for us. Building on the enthusiastic response and strong encouragement From last year, our company will host its second annual quantum sensing summit in New York City this October. This scientific conference will convene leaders from government, academia, industry, and other laboratories to explore emerging technologies, discuss strategies for realizing their full potential, and reinforce our nation's leadership in this critical field. as well as FEI's...